{
  "title": "Saudi Arabia: Selected Issues",
  "publication": "IMF Staff Country Reports, October 15, 2015",
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  "summary": "This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia. Oil prices have fallen by more than 40 percent since mid-2014 while the Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle. Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia. Although a temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up, a longer-lasting period of low oil prices would have a more significant impact.",
  "publishDate": "2015-10-15",
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    {
      "heading": "Summary and context",
      "content": "- This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia.\n- Oil prices have fallen by more than 40 percent since mid-2014.\n- The Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle.\n- Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia."
    },
    {
      "heading": "Main findings",
      "content": "- A temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up.\n- A longer-lasting period of low oil prices would have a more significant impact."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Commodities, Electricity, Energy prices, Fuel prices, Inflation, Labor, Labor markets, Oil prices, Prices\n- Keywords: CR, Electricity, energy price, Energy prices, equity price, Fuel prices, Global, government spending, ISCR, Labor markets, NPL ratio, oil price, Oil prices, price, price reform, private sector\n\n---\n\n Content in this bundle\n\n- Saudi Arabia: Selected Issues, IMF Country Report No. 15/286\n  - Saudi Arabia: Selected Issues, IMF Country Report No. 15/286 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Saudi Arabia: Selected Issues, IMF Country Report No. 15/286 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr15286a\n  - cr15286a (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15286a (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/saudi-arabia-selected-issues-43343"
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    "Published: October 15, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513505077.002",
    "This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia.",
    "Oil prices have fallen by more than 40 percent since mid-2014.",
    "The Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle.",
    "Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia.",
    "A temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up.",
    "A longer-lasting period of low oil prices would have a more significant impact.",
    "Subjects: Commodities, Electricity, Energy prices, Fuel prices, Inflation, Labor, Labor markets, Oil prices, Prices",
    "Keywords: CR, Electricity, energy price, Energy prices, equity price, Fuel prices, Global, government spending, ISCR, Labor markets, NPL ratio, oil price, Oil prices, price, price reform, private sector",
    "**Saudi Arabia: Selected Issues, IMF Country Report No. 15/286**",
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